Apr 2022
5
Spring Statement: Payroll changes for April and July
What changes have been made to payroll?
This year’s Spring Statement or “mini-budget” has brought some small changes to how payroll is processed, which will be happening in April and July 2022.
The first change was made to Employment Allowance, which will increase from £4,000 to £5,000 per year. This will take effect from 6th April 2022.
The National Insurance Primary Threshold will increase from £9,880 to the same level as the tax threshold, £12,570. This will take effect from 6th July 2022.
How will this affect my payroll processing?
If you’re using BrightPay, you have nothing to worry about when it comes to these changes. Our software is up to date with these new regulations, and they have been implemented in the software. You, as the payroll processor, can simply continue using BrightPay the way you always have.
How do I stay more up to date with legislation changes?
Here at BrightPay, as one of the leading payroll software providers in the UK and Ireland, we aim to provide you with the most up-to-date and innovative solutions to your day-to-day payroll processes and workflow.
BrightPay is a fully HMRC compliant software, ensuring that your business’ payroll aligns with the latest legislation. BrightPay also stores all communication logs that you have with HMRC, letting you know if your submissions contain any errors in a user-friendly format, which can save you lots of time.
BrightPay features that can help your practice
Automatic Enrolment
Find it hard to get your head around Automatic Enrolment requirements? BrightPay streamlines the entire process for you and provides full automatic enrolment functionality within the payroll software. From setting up employees’ pensions schemes and enrolling them, to sending out personalised automatic enrolment letters and re-enrolment – BrightPay makes all of this possible in a simple and user-friendly format, saving your business a hefty amount of admin workload.
CIS functionality
Unsure when it comes to paying subcontractors? BrightPay has an entire tab dedicated to CIS (Construction Industry Scheme) within the payroll software that caters to all types of subcontractors – including companies, partnerships and sole traders. You can also verify new subcontractors through HMRC from within the payroll software.
Cloud extension
Our cloud extension, BrightPay Connect, helps ensure GDPR compliance by storing your employees’ payroll data securely in the cloud. These backups are done automatically every 15 minutes, ensuring the safety and security of your employees’ payroll.
BrightPay hosts regular free online webinars including webinars on updates to changes in payroll legislation. As well as this, through our website you can find support documentation, video tutorials and payroll guides, available for you to read at any time.
Interested in learning more about BrightPay? Why not sign up for a free 15-minute demo to see how our software can enhance your business in more detail. You can also try our software for free with our 60-day free trial, so you can get the best use of our software before making any commitments.
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- BrightPay and AccountancyManager join forces
- BrightPay Wins AccountingWEB’s Top Payroll Product of the Year 2021
- What to include on a payslip and how they should be shared with employees
